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ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: Business unions: Czech Republic should not copy German solutions to energy crisis. Year-on-year inflation reached 17.2 pct in August, growth rate slowed after about a year. Queen Elizabeth II was among the richest people in the world. Study: Number of corporate bankruptcies was among the highest this year in August. Analyst: Czech National Bank supported the koruna exchange rate by CZK 59 billion in August, less than in July. Austrian: If the EU finds agreement, it may lead to calm in energy markets. CNB issues silver commemorative coin with Zátopek couple. Fiscal Council: After easing rules, there is no motivation to consolidate finances. Eurochambres: Energy crisis must also be addressed by capping energy prices. Analyst: CNB increased support for the crown to CZK 246 billion in July. Zeman and local governments welcome energy price cap, economists expect higher costs. Three Americans win Nobel Prize in Economics for research on banks and financial crises. Confederation of Industry: Companies need a unified European solution to the energy crisis. Eurometaux: Energy crisis is an existential threat to metal production in Europe. Matovič: EU finance ministers agreed today on a CZK 5 billion loan for Ukraine. 53 corporate bankruptcies were declared in the Czech Republic in September, the third lowest number this year. Inflation in Turkey rose to 83.5 percent in September, the highest since 1998. The Swiss National Bank has ended the era of negative interest rates in Europe. The Bank of England is starting temporarily unlimited purchases of government bonds. The Slovak central bank expects Slovakia's economy to decline next year. European finance ministers and governors will meet in Prague on Friday and Saturday. Central bank: Banknotes with the Queen's image remain legal tender. The Reserve Bank of Australia has raised interest rates to a nine-year high of 2.60 percent. According to Vestager, the importance of antitrust authorities is growing in the crisis. Germany is preparing another package of inflation relief for its citizens worth 65 billion euros. The British central bank is starting to temporarily unlimited purchases of government bonds. Reuters: German bakers are burning due to rising energy prices. AP: A bakery in Cologne will close after a significant increase in energy prices for the first time in 90 years. Eurogroup: Inflation in EU countries is between six and 20 percent, it must be reduced. The Hungarian central bank has raised interest rates to 13 percent, surprisingly significantly. The company of the year in the Karlovy Vary region is a wig seller, the sole proprietor is a violin maker. Prague will give city halls CZK 265.95 million to help families threatened by inflation. Inflation has exceeded market expectations, according to analysts it is close to its peak. The decision of the Czech National Bank to leave the base rate in line with analysts, the market also expected it. The company of the Pilsen region is nanoSPACE from Domažlice, the sole proprietor is woodcarver Karel Tittl. Analysis: The number of bankruptcies increased by one tenth year-on-year in the third quarter to 172.

Stock exchanges: Analyst: The stock exchange price of gas has increased by 120 percent this year, precious metals have become cheaper. Bruegel: European governments have allocated 500 billion euros to help energy consumers.

Finance: Analysts: Time is not favorable for investments, real estate can bring a nice appreciation. Expobank CZ, which was bought by Banka Creditas, will be renamed Max banka. Association: The popularity of savings fell sharply in the third quarter. Lebanese woman was fined and banned from traveling for robbing a bank. ČSOB survey: Innovation is still lacking in the Czech Republic. New Hypoindex: The average mortgage rate fell for the first time since May 2021. Lebanese banks have suspended services to clients due to increasing robberies.